$5,982

Avg. Federal Grant

$9,254

Avg. Federal Loan

$4,697,316

Total Aid Awarded

University of Advancing Technology (UAT) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

70%

Total Aid Amount Average Total Aid Awarded per year.

$4.697M

Financial Aid Official Website

www.uat.edu/parents-guide-uat-mission-statement/elite-education-affordability#financialaid

Among them are scholarship programs such as Advancing Technology Award, Alliance of Technology and Women Community Scholarship, CU Succeed Scholarship, and Dean's Award Scholarship. As many as 88% of the students at UAT get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,241,187 in a year. Notably, a total of 52% of the applicants to University of Advancing Technology receive the Federal Grant every year. On the other hand, 69% of the candidates get the Student Grant, 21% receive the Institution Grant, and 50% get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $5,458. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At UAT, an estimated number of 78% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

51%

State Grant Aid

N/A

Institution Grant Aid

91%

Pell Grant

51%

Average Aid Awarded

Federal Grant Aid

$5,982

State Grant Aid

N/A

Institution Grant Aid

$6,280

Pell Grant

$5,778

The total fund amount directed as UAT financial aid by the institute is US$4,697,316 and the percentage of students receiving these aids are around 70% which is a good number. Few of them also apply for a Federal loan. The average amount of federal loans is about US$9,254.

The following data might help you to get a clearer view of the aids and grants availed usually by the percentage of students:

The average federal grants provided by this university sums up to an average of US$5,982 taken up by almost 51%. Pell Grants are also opted by almost 51% candidates who want to pursue higher studies in advancing technology. On an average Pell grant that you can avail for this university stands to US$5,778. The Institutional grants average to an amount of US$6,280 serving almost 91% candidates which shows a clear majority.

The average amount of student loan that you can receive is US$14,443. 77% of the students also choose to take up a student loan for which the default rate is around 10.9%. It is advised to plan your finances well before taking any investment decision.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,464

$30,001 - $48,000

$10,060

$48,001 - $75,000

$8,595

$75,001 - $110,000

$6,667

Over $110,000

$7,750

When it comes to analyzing the federal aid you receive based on your family income, UAT has segregated the net prices in a simple and clear manner. If you fall under a family income category under US$30,000 then you might be eligible to receive a basic amount of US$11,464 as financial aid. A family income category ranging from US$30,001 to US$48,000 can expect the same amount to go down to US$10,060. For an income range between US$48,001 to US$75,000 the expected financial aid that you might expect to receive can be close enough to a figure of US$8,595.

Similarly, in this manner a family income falling under the range of US$75,001 to US$110,000 can avail for a financial aid up to US$6,667. For any family with an income range falling over and above US$110,000 may get an amount of US$7,750 in return for financial aid. Candidates who are meritorious and also in a need of funds given the information about their family income background will reap the benefit out of the financial aid policies.

Student Loans for University of Advancing Technology (UAT)

Average Loan Amount Average Loan Amount received per year.

$14,443/Year

Students Taking Out Loans

77%

Loan Default Rate

10.9%

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